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Dividends Pay Off

More than 30 companies listed on the New York Stock Exchange have begun paying dividends in the last year and a half.

By Dave Lindorff | Updated on November 02, 2009

When EnergySolutions, a nuclear waste management company in Salt Lake City, went public in November 2007, it did something not that many newly listed companies do: It announced plans to issue a dividend.

“We knew we had a pretty stable business with stable cash flow,” says CFO Philip Strawbridge. “With two-thirds of our income coming from life-of-plan arrangements with utilities that operate nuclear plants, and most of our other contracts being with the U.S. and U.K. governments, we felt we had the predictability to pay out $10 million a year in dividends and still leave us with $60 million of true free cash for investment.”

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